Key Peripheral Vascular Devices And Equipment Market Trend for 2025-2034: Innovations in Larger-Diameter Catheters for Peripheral Artery Disease Treatment

What Is the Future Outlook for the Peripheral Vascular Devices And Equipment Market's Size and Growth Rate?
The market size for peripheral vascular devices and equipment has seen significant growth in recent years, expanding from $10.62 billion in 2024 to $11.37 billion in 2025. This signifies a compound annual growth rate (CAGR) of 7.1%. The historic growth can be linked to the prevalence of cardiovascular disease, the rising aging population, chronic disease management, alongside clinical guidelines and research.

The market for peripheral vascular devices and equipment is projected to experience constant expansion in the upcoming years, reaching an estimated worth of $13.44 billion by 2029 with a compound annual growth rate of 4.3%. The expected growth throughout the forecast period is due largely to the increase in minimally invasive procedures, integration of telehealth, increased worldwide healthcare accessibility, and drug-coated devices. Noteworthy advancements during this period will include the incorporation of artificial intelligence in vascular medicine, assistance from robotic interventions, point-of-care testing, and the use of resorbable vascular scaffolds.

What Is Stimulating Growth in the Peripheral Vascular Devices And Equipment Market?
The prevalence of peripheral artery disease is a key driving factor in the peripheral vascular devices and equipment market. Characterized by the accumulation of plaque in arteries, which features elements such as fats and cholesterol, this disease obstructs blood flow vital to major organs. There are over 230 million adults globally affected by lower extremity peripheral artery disease (PAD), which is correlated with an amplified risk of other severe health outcomes, including coronary heart disease, stroke, and in some instances, amputation. While less prominent in younger demographics, the rate of this illness escalates notably in older people, with over 20% of individuals above the age of 80 diagnosed with PAD. The Center for Disease Control and Prevention (CDC) reports an estimated 8.5 million individuals in the USA living with peripheral artery diseases, among which 12-20% are over the age of 60.

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Which Key Market Leaders Are Driving Peripheral Vascular Devices And Equipment Industry Growth?
Major companies operating in the peripheral vascular devices and equipment market include Medtronic plc, Boston Scientific Corporation, Abbott Laboratories, Cook Group, Angiomed GmbH & Co. Medizintechnik KG, Terumo Corporation, ENDOLOGIX Inc., Bolton Medical Inc., JOTEC GmbH, Clearstream Technologies, Aesculap AG, Curative Medical Devices, Lepu Medical Technology, MicroPort, Bioteque Corporation Co.Ltd., Cardinal Health, iVascular, B. Braun Group, Biosensors International Group, BIOTRONIK SE & Co., COVIDien, Volcano Corporation, AngioScore, Edwards Lifesciences Corporation, Cordis Corporation, Koninklijke Philips N.V., Nipro Corporation, Bluesail Medical Co. Ltd, Rex Medical, Teleflex Incorporated, Penumbra Inc., Lombard Medical Technologies PLC, W.L. Gore & Associates Inc., Merit Medical Systems Inc., Vascular Solutions Inc., LeMaitre Vascular Inc., Spectranetics Corporation

What Are the Emerging Trends in the Peripheral Vascular Devices And Equipment Industry?
Key players in the peripheral vascular devices and equipment market are concentrating on the introduction of novel products, such as catheters with larger diameter, in an effort to improve therapy for peripheral artery diseases. Enhancing the delivery and drainage of medication, fluids, or other materials, larger-diameter catheters are a significant innovation in medical devices. For instance, in March 2023, the peripheral intravascular lithotripsy (IVL) catheter was introduced to the market by the American medical device firm, Shockwave Medical Inc. The Shockwave L6 Peripheral IVL catheter stands distinguished with its unique design that addresses calcification in difficult lesions present in large peripheral arteries, like the iliac and common femoral arteries. This targeted strategy provides a solution to the prevalent issue of artery calcification, which frequently affects the success rate of procedures and leads to an increased likelihood of complications with conventional endovascular methods.

What Are the Main Segments in the Peripheral Vascular Devices And Equipment Market?
The peripheral vascular devices and equipment market covered in this report is segmented -

1) By Type: Peripheral vascular stents, Percutaneous transluminal angioplasty balloons, Catheters, PTA guide wires, Atherectomy devices, Chronic total acclusion devices, Aortic stents, Synthetic surgical grafts, Embolic protection devices, Inferior vena cava filters
2) By Application: Treatment of Peripheral Blood Vessels Damaged, Treatment of Peripheral Blood Vessels Blockage
3) By End User: Hospital applications, Clinic applications

Subsegments:
1) By Peripheral Vascular Stents: Balloon-expandable Stents, Self-expanding Stents
2) By Percutaneous Transluminal Angioplasty Balloons: Drug-coated Balloons, Non-drug-Coated Balloons
3) By Catheters: Diagnostic Catheters, Therapeutic Catheters
4) By PTA Guide Wires: Hydrophilic Guide Wires, Non-hydrophilic Guide Wires
5) By Atherectomy Devices: Rotational Atherectomy Devices, Orbital Atherectomy Devices, Laser Atherectomy Devices, Directional Atherectomy Devices
6) By Chronic Total Occlusion Devices: CTO crossing devices, CTO re-entry devices
7) By Aortic Stents: Self-expanding Aortic Stents, Balloon-expandable Aortic Stents
8) By Synthetic Surgical Grafts: Polyester Grafts, Polytetrafluoroethylene (PTFE) Grafts, Dacron Grafts
9) By Embolic Protection Devices: Distal Protection Devices, Proximal Protection Devices
10) By Inferior Vena Cava Filters: Permanent Filters, Retrievable Filters

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Which Geographic Area Leads the Peripheral Vascular Devices And Equipment Market?
North America was the largest region in global peripheral vascular devices and equipment market in 2023. Western Europe was the second-largest region in global peripheral vascular devices and equipment market. The regions covered in the peripheral vascular devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

What Is Covered In The Peripheral Vascular Devices And Equipment Global Market Report?

- Market Size Analysis: Analyze the Peripheral Vascular Devices And Equipment Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Peripheral Vascular Devices And Equipment Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Peripheral Vascular Devices And Equipment Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Peripheral Vascular Devices And Equipment Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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